Tag: fixed-rate mortgage
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What Happened Tuesday: Mortgage Rate Shifts and Market News
Overview: What happened on Tuesday Tuesday brought notable shifts in the mortgage market as lenders adjusted fixed-rate offerings and investors digested mixed economic signals. For homeowners, homebuyers, and those considering refinancing, the day’s rate moves could influence decisions in the weeks ahead. Here’s a concise recap of the key developments and what they mean for…
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Couple Loses Home Loan Complaint Over $50,000 Break Fee
Case backdrop: A decision that disappointed the couple A couple who decided to fix their home loan for five years in 2023 faced a setback when they filed a complaint with the Banking Ombudsman. The central issue was a substantial break fee, reported to be around $50,000, charged when they chose to exit the fixed-rate…
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Home loan break-fee dispute ends: couple loses ome ombudsman ruling
Couple loses home loan complaint after fixed-rate decision A couple who regretted fixing their home loan for five years in 2023 has not been successful in their complaint against their bank. The matter, recently detailed in a case note by the Banking Ombudsman, highlights the challenges some borrowers face when negotiating fixed-rate products and the…
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ANZ Lifts Home Loan Rates as NZ Banks Adjust Market
Overview: ANZ raises fixed-rate home loans New Zealand’s largest bank, ANZ, has announced an increase in fixed-rate home loan offerings, lifting the 18‑month and 2‑year fixed rate by 20 basis points. The move follows adjustments by other lenders and comes as the Reserve Bank of New Zealand (RBNZ) signals a tougher stance to temper inflation…